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Tata Communications announced strategic investments of close to USD 450 million to build an AI super highway in India - a high speed, low-latency network fabric connecting India's key AI-data centre corridor.
The company will build around 10,000 kilometers of the new long-haul fiber across India, creating one of the country's largest AI-ready connectivity network.
Integrated with Tata Communications' global network backbone, the AI super highway will provide customers with seamless, end-to-end connectivity fibric, supporting the performance, resilience and scale for next-generation AI workloads.
The first phase of the program will focus on the Mumbai-Pune-Hyderabad-Chennai corridor, one of India's most important AI and hyperscale growth routes. Subsequent phases will expand connectivity into emerging East Coast and Western India data center ecosystems, including Vizag, Bhubaneshwar, Jamnagar, GIFT City and other strategic locations.
As consideration for the aforesaid transfer, the Company shall subscribe to and acquire ordinary shares of TCNL at fair market value, as determined pursuant to an independent valuation report.
The proposed transaction is intended to simplify the Company's existing group structure by consolidating ownership of Kaleyra, Inc. under TCNL, without any change in the ultimate ownership and beneficial economic interest of the Company in Kaleyra, Inc. and its subsidiaries.
Tata Communications and Tata Motors Passenger Vehicles (TMPV) today announced collaboration to power the newly launched Sierra.ev, with in-built 5G cellular connectivity, paving the way for futuristic Software-Defined Vehicles (SDVs).
Tata Communications MOVE™ Connected Vehicle Platform will be integrated with the car's new SDV platform – N.IO – to provide seamless connectivity and digital first in-vehicle experiences to its customers. This technology deployment will ensure that vehicles are future ready and scalable for advanced connected vehicle capabilities while supporting AI-enabled applications.
The Sierra.ev aims to provide its customers with enhanced safety features and in-vehicle experiences. Tata Communications MOVE™ will enable this with a smooth onboarding journey, in vehicle secured connectivity for seamless content streaming, faster over-the-air updates, and an option for users to buy additional subscription packs, while ensuring safety critical features like emergency calls, remote support and remote vehicle diagnostics in real time.
Tata Communications is committed to bringing TMPV's vision to reality – to transform their vehicles into continuously connected digital experiences that provides uninterrupted infotainment, offer personalisation, improve fleet efficiency, and open new avenues for revenue generation. This collaboration will ensure TMPV is future-ready with seamless connectivity, intelligent services, and continuous feature updates that redefine customer experience.
Pursuant to the aforesaid allotment of equity shares, the issued and paid-up equity share capital of the Company stands increased to Rs 285,08,56,430 divided into 28,50,85,643 equity shares of the face value of Rs 10/- each.